According to a Variety report, Saul Zaentz Co. has decided to sell the film rights, videogames and more of The Lord of the Rings and The Hobbitas well as other works by JRR Tolkien.
According to reports, Zaentz Co. took over ACF Investment Bank to manage the sales process, which is unfolding this week as bankers tour Hollywood shoppers. Tolkien’s properties are expected to be worth at least $ 2 billion, based on recent high ratings for IP and high-end content producers. Representatives from Zaentz Co. and ACF declined to make a statement on the matter.
There timing of the sales process it is not accidental. Amazon is poised to premiere its long-awaited televised rendition of the enduring “Lord of the Rings” saga, known as “The Rings of Power”. Amazon tops the list of top candidates for the acquisition of the rights held by Zaentz.
Zaentz Co. owns the rights to exploit the properties of “The Lord of the Rings” and “The Hobbit” in film, video games, merchandising, live events and theme parks. It also includes limited rights in the event that Tolkien estate decides to make films or other content based on two of Tolkien’s writings that were published after his death in 1973: “The Silmarillion” and “The Unfinished Tales of Numenor and the Earth. middle”.
Warner Bros. he also owns some development rights to the film “Lord of the Rings” through ownership of New Line Cinema. New Line had huge box office hits worldwide and won an Oscar with director Peter Jackson’s trilogy “The Fellowship of the Ring”, “The Two Towers” and “The Return of the King”. Warner Bros. announced plans last year for an anime feature to be produced with New Line and Warner Bros. Animation, The Lord of the Rings: War of the Rohirrim.
You can see the new trailer for The Lord of the Rings: The Rings of Power series unveiled at the Super Bowl.